The demand for houses with one families has exploded the previous year – 15 percent in Austria! In Vorarlberg, the interest rose most with an increase of 56 percent, followed by Vienna (+25%) and Carinthia (+24%). There is good news for everyone who wants to fill their dream of home: prices fell in many federal states!
“In 2024, considerably more Austrians were interested in Huizen. We expect that the prospect of cheaper financing conditions and illuminated loans will generate the purchasing market in the current year, ”says Markus Dejmek, head of Immoscout24. The early end of the KIM Regulation, making it difficult for the banks to grant real estate loans, should continue to inspire the question. Dejmek: “The desire for your own house remains a strong constant in the life planning of the Austrians!”
Prices: where they fell – and where they moved on
The prices for real estate show a mixed image for 2024. While in Styria (-6%, 3163 euros/m²), Vorarlberg (-5%, 5500 euros/m²) and in Burgenland (-3%, 2423 euros/m²) the prices of square meters have fallen in Salzburg (+ 5%(+ 5%, 5789 euros/m²), Tyrol (+ 2%, 7163 euros/m²) and Vienna (+ 1%, 6414 euros/m²) further uphill.
Dream House with 150 square meters: what does it cost?
A house with 150 square meters is already available in Burgenland for around 363,480 euros – a bargain compared to Tyrol, where buyers have to scroll more than a million euros. In Vienna the price is 962,144 euros, in Salzburg at 868,421 euros and in Vorarlberg at 825,000 euros. If you like it a bit cheaper, you will find it in Lower Austria (538,400 euros), Upper Austria (497,144 euros), Carinthia (454,592 euros) and Styria (474,375 euros).
Strokes this year?
For those who think about getting their own home, the year of implementation can be the year. The prices have fallen in many regions – and financing will be available so easily at the end of June after the KIM Regulation has expired.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
